Analog devices reports third quarter fiscal 2023 financial results

Wilmington, mass.--(business wire)--analog devices, inc. (nasdaq: adi), a global semiconductor leader, today announced financial results for its third quarter fiscal year 2023, which ended july 29, 2023. “in a challenging operating environment, adi executed well, and delivered third quarter results within our expectations. however, the customer inventory adjustments we mentioned last quarter have accelerated as economic conditions deteriorate and our lead times continue to improve,” said vincen.
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